‘Investors should be very worried. Minutes from the US Federal Reserve’s latest meeting show that policymakers are clearly puzzled why the US sharemarket has moved to such giddy heights given the huge uncertainty over the US economic outlook. This represents a huge shift in attitude for the US central bank. Since the financial crisis, the Fed has consistently cheered the rising sharemarket as proof that its ultra-low interest rate policy was helping to foster investor confidence. And for years investors have relied on the Fed to be on hand to help every time the sharemarket stumbled. But the game has changed. Markets are being propelled higher by the Trump trade…’